First Midwest Bancorp Inc (NASDAQ:FMBI) Director Robert P. Omeara sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, March 12th. The shares were sold at an average price of $26.50, for a total value of $132,500.00. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Robert P. Omeara also recently made the following trade(s):

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  • On Wednesday, March 7th, Robert P. Omeara sold 25,300 shares of First Midwest Bancorp stock. The shares were sold at an average price of $26.00, for a total value of $657,800.00.

Shares of First Midwest Bancorp Inc (NASDAQ FMBI) opened at $26.36 on Friday. First Midwest Bancorp Inc has a 52-week low of $20.50 and a 52-week high of $26.55. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $2,690.56, a price-to-earnings ratio of 27.46, a price-to-earnings-growth ratio of 2.17 and a beta of 1.16.

First Midwest Bancorp (NASDAQ:FMBI) last issued its earnings results on Monday, January 29th. The financial services provider reported $0.34 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.03). First Midwest Bancorp had a return on equity of 7.69% and a net margin of 14.59%. The company had revenue of $154.24 million during the quarter, compared to analyst estimates of $162.84 million. During the same period in the prior year, the business earned $0.32 earnings per share. equities analysts anticipate that First Midwest Bancorp Inc will post 1.72 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 10th. Shareholders of record on Friday, March 23rd will be given a $0.11 dividend. The ex-dividend date of this dividend is Thursday, March 22nd. This is a positive change from First Midwest Bancorp’s previous quarterly dividend of $0.10. This represents a $0.44 annualized dividend and a yield of 1.67%. First Midwest Bancorp’s dividend payout ratio (DPR) is currently 41.67%.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. increased its position in First Midwest Bancorp by 1.7% in the fourth quarter. BlackRock Inc. now owns 13,178,497 shares of the financial services provider’s stock worth $316,416,000 after buying an additional 214,263 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of First Midwest Bancorp by 3.3% in the third quarter. Dimensional Fund Advisors LP now owns 6,075,566 shares of the financial services provider’s stock worth $142,290,000 after purchasing an additional 192,379 shares in the last quarter. Macquarie Group Ltd. grew its stake in shares of First Midwest Bancorp by 6.7% in the fourth quarter. Macquarie Group Ltd. now owns 2,739,049 shares of the financial services provider’s stock worth $65,765,000 after purchasing an additional 171,119 shares in the last quarter. Fuller & Thaler Asset Management Inc. grew its stake in shares of First Midwest Bancorp by 74.3% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 2,690,454 shares of the financial services provider’s stock worth $64,598,000 after purchasing an additional 1,146,492 shares in the last quarter. Finally, Cramer Rosenthal Mcglynn LLC grew its stake in shares of First Midwest Bancorp by 3.2% in the fourth quarter. Cramer Rosenthal Mcglynn LLC now owns 2,593,730 shares of the financial services provider’s stock worth $62,275,000 after purchasing an additional 81,605 shares in the last quarter. 83.70% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms recently issued reports on FMBI. Zacks Investment Research lowered First Midwest Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, February 13th. Piper Jaffray Companies reissued a “buy” rating and set a $29.00 price target on shares of First Midwest Bancorp in a research report on Tuesday, January 9th. Sandler O’Neill set a $26.00 price target on First Midwest Bancorp and gave the company a “hold” rating in a research report on Wednesday, January 3rd. BidaskClub raised First Midwest Bancorp from a “hold” rating to a “buy” rating in a research report on Tuesday, January 16th. Finally, Jefferies Group reaffirmed a “buy” rating and issued a $28.00 target price on shares of First Midwest Bancorp in a research report on Friday, December 8th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $26.67.

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About First Midwest Bancorp

First Midwest Bancorp, Inc is a bank holding company. The Company’s principal subsidiary, First Midwest Bank (the Bank), is an Illinois state-chartered bank and provides a range of banking, treasury and wealth management products and services, to commercial and industrial, commercial real estate, municipal and consumer customers.

Insider Buying and Selling by Quarter for First Midwest Bancorp (NASDAQ:FMBI)

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